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Keeping up with moving Joneses

Recent economic and social problems such as stockmarket volatility and

foot and mouth disease have not dented people&#39s desire to move property,

says Alliance & Leicester.

A&L questioned 4,115 adults in the UK in March for its latest quarterly

moving-improving index which analyses people&#39s intentions to move or

improve their home.

It found that 8 per cent of homeowners are planning a move in the next

year compared with 9 per cent in the last quarter of 2000.

A&L says issues such as foot and mouth, the petrol crisis, flooding,

decreasing interest rates and a general election have had no significant

bearing on decisions to move property.

The research revealed the likelihood to move house is more affected by

factors such as marital status and gender.

Fourteen per cent of single people say they are likely to move house

within the next 12 months compared with 6 per cent of married people, which

A&L says may lead to a renewed focus on building property suitable for

single people.

For the first time, women in their 20s and 30s emerged as more likely than

men of the same age to move house or enter the property market, with 16 per

cent of women in their 20s planning to move in the next 12 months compared

with 14 per cent of men.

A&L head of mortgages Tim Hague says: “Bridget Jones Britons may worry all

night about finding the perfect partner but they are pretty savvy when it

comes to buying a home.

“The latest findings from our movingimproving index dispel many commonly

held assumptions about the property market, in particular, the assumed

wisdom that people tend to respond to house price trends and decisions on

interest rates.

“For most people, decisions to move house are based on lifestyle and age.”

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